Teacher Retirement System of Texas Purchases 50,605 Shares of National Beverage Corp. (NASDAQ:FIZZ)

Teacher Retirement System of Texas increased its holdings in shares of National Beverage Corp. (NASDAQ:FIZZ - Free Report) by 99.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 101,627 shares of the company's stock after purchasing an additional 50,605 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.11% of National Beverage worth $4,222,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in FIZZ. Jones Financial Companies Lllp boosted its holdings in National Beverage by 158.3% during the fourth quarter. Jones Financial Companies Lllp now owns 2,387 shares of the company's stock worth $102,000 after purchasing an additional 1,463 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in National Beverage by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 271,658 shares of the company's stock worth $11,592,000 after acquiring an additional 7,075 shares in the last quarter. Raymond James Financial Inc. bought a new stake in National Beverage during the fourth quarter worth $631,000. Warburton Capital Management LLC bought a new stake in National Beverage during the fourth quarter worth $277,000. Finally, American Century Companies Inc. raised its position in National Beverage by 11.5% during the fourth quarter. American Century Companies Inc. now owns 31,950 shares of the company's stock worth $1,363,000 after acquiring an additional 3,302 shares in the last quarter. Institutional investors and hedge funds own 23.95% of the company's stock.

National Beverage Stock Up 0.2%

Shares of FIZZ traded up $0.08 during trading hours on Thursday, hitting $44.96. The company had a trading volume of 68,963 shares, compared to its average volume of 177,061. The business has a fifty day moving average of $44.57 and a 200-day moving average of $42.82. National Beverage Corp. has a 12 month low of $38.25 and a 12 month high of $53.01. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of 22.48 and a beta of 0.81.

National Beverage (NASDAQ:FIZZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. National Beverage had a net margin of 15.55% and a return on equity of 49.48%. The business had revenue of $313.63 million for the quarter, compared to the consensus estimate of $303.26 million. During the same period in the prior year, the company posted $0.47 earnings per share.

Insider Activity at National Beverage

In other National Beverage news, Director Stanley Michael Sheridan sold 8,000 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $43.40, for a total transaction of $347,200.00. Following the sale, the director directly owned 62,408 shares in the company, valued at $2,708,507.20. This represents a 11.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 74.80% of the company's stock.

Analyst Upgrades and Downgrades

Separately, UBS Group upped their price target on shares of National Beverage from $42.00 to $45.00 and gave the stock a "sell" rating in a research report on Monday.

About National Beverage

National Beverage Corp., through its subsidiaries, develops, produces, markets, and sells a portfolio of sparkling waters, juices, energy drinks, and carbonated soft drinks primarily in the United States and Canada. The company's Power+ brand portfolio offers sparkling water products under the LaCroix, LaCroix Cúrate, and LaCroix NiCola; non-carbonated flavored water under the Clear Fruit; energy drink and shots under the Rip It; juice and juice-based products under Everfresh, Everfresh Premier Varietals, and Mr.